Upshot

About

Upshot is a blockchain-based protocol that incentivizes experts to answer subjective questions honestly.

Boston,Massachusetts,United States
1 - 10
https://upshot.xyz/

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $22M
Industries: Blockchain,Cryptocurrency,Information Technology,Software
Founded date: Jan 1, 2019
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Upshot Technologies, Inc.

Upshot is a blockchain-based protocol that incentivizes experts to answer subjective questions honestly and captures the value of truth. Its first product aims to provide an efficient price-discovery mechanism for NFTs by paying experts for honest appraisals unlocking new opportunities for experts and enabling a number of powerful new DeFi primitives.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$30.50M

Upshot has raised a total of $30.50M in funding over 2 rounds. Their latest funding was raised on Mar 22, 2022 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 22, 2022	Series A	$22M	7	Polychain	—	Detail
May 6, 2021	Series A	$7.50M	29	Blockchain Capital Framework Ventures CoinFund	—	Detail
Feb 19, 2020	Seed	$1M	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

30

Upshot is funded by 30 investors. Polychain and Blockchain Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Polychain	Yes	Series A
Blockchain Capital	—	Series A
Framework Ventures	—	Series A
CoinFund	—	Series A
Delphi Digital	—	Series A
Mechanism Capital	—	Series A
Slow Ventures	—	Series A
Alexander Salnikov	—	Series A
Alexei Falin	—	Series A
Andrew Steinwold	—	Series A